| 1 |
Which of the following is useful in facilitating trade relation between the businessmen of different countries |
- A. Bank draft
- B. Money order
- C. Letter of credit
- D. Stock certificate
|
| 2 |
IOU is a document |
- A. Negotiable
- B. Non-negotiable
- C. Conditional negotiable
- D. Unconditional negotiable
|
| 3 |
What is the nature of credit instrument IOU |
- A. An autograph
- B. A monograph
- C. A holograph
- D. A sonograph
|
| 4 |
What is recieved by the post office on money order: |
- A. Profit
- B. Interest
- C. Commision
- D. All of the above
|
| 5 |
Which of the following is used to finance the people who want to travel abroad |
- A. Traveller's letter of credit
- B. Traveller's cheque
- C. Circular note
- D. All the above
|
| 6 |
Which of the following is an order of payment by one post office for another post office |
- A. Postal order
- B. Money order
- C. Both a and b
- D. None of these
|
| 7 |
Commercial letter of credit is issued for the facilty of: |
- A. Ambassadors
- B. Common people
- C. Businessmen
- D. Alll of the above
|
| 8 |
Which of the following gets facility due to commercial letter of credit: |
- A. Home traders
- B. Exporter
- C. Importer
- D. Both exporter and importer
|
| 9 |
The letter of credit which can be endorsed to another person is called: |
- A. Special L.C
- B. Transferable L.C
- C. Resolving L.C
- D. None of the above
|
| 10 |
Which one can be crossed : |
- A. Money order
- B. Postal order
- C. Credit card
- D. All of the above
|
